SANACHA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SANACHA
Largest movements
- Tangible fixed assets -€23,683
down €23,683 (-6.6%), from €358,851 to €335,168
of which Land and buildings: -€20,016
- Cash +€12,780
up €12,780 (+24.1%), from €53,103 to €65,882
mainly Depreciation (+€25,226) and Net result for the year (+€14,923)
- Other debts -€38,114
down €38,114 (-14.8%), from €257,878 to €219,765
- Reserves +€14,500
up €14,500 (+94.2%), from €15,395 to €29,895
of which Distributable reserves: +€14,500
- Trade debts +€9,887
up €9,887 (+948%), from €1,043 to €10,930
- Gross operating margin +€13,647
up €13,647 (+22.8%), from €59,902 to €73,548
- Taxes +€12,804
up €12,804 (+236%), from €5,434 to €18,238
- Depreciation -€1,577
down €1,577 (-5.9%), from €26,802 to €25,226
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,211 | €413,788 | -€15,423 | -3.6% |
| Fixed assets | 21/28 | €358,851 | €335,168 | -€23,683 | -6.6% |
| Tangible fixed assets | 22/27 | €358,851 | €335,168 | -€23,683 | -6.6% |
| Land and buildings | 22 | €347,218 | €327,202 | -€20,016 | -5.8% |
| Furniture and vehicles | 24 | €1,437 | €383 | -€1,054 | -73.3% |
| Other tangible fixed assets | 26 | €10,196 | €7,583 | -€2,613 | -25.6% |
| Current assets | 29/58 | €70,360 | €78,620 | +€8,260 | +11.7% |
| Amounts receivable within one year | 40/41 | €14,250 | €10,390 | -€3,860 | -27.1% |
| Trade receivables | 40 | €5,684 | €9,586 | +€3,901 | +68.6% |
| Other amounts receivable | 41 | €8,566 | €804 | -€7,762 | -90.6% |
| Cash at bank and in hand | 54/58 | €53,103 | €65,882 | +€12,780 | +24.1% |
| Deferred charges and accrued income | 490/1 | €3,007 | €2,348 | -€659 | -21.9% |
| Total equity and liabilities | 10/49 | €429,211 | €413,788 | -€15,423 | -3.6% |
| Equity | 10/15 | €140,289 | €155,212 | +€14,923 | +10.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €15,395 | €29,895 | +€14,500 | +94.2% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €17,500 | +€14,500 | +483% |
| Profit (loss) carried forward | 14 | €947 | €1,370 | +€423 | +44.6% |
| Provisions and deferred taxes | 16 | €25,673 | €25,673 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,673 | €25,673 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,673 | €25,673 | = | 0.0% |
| Amounts payable | 17/49 | €263,250 | €232,904 | -€30,346 | -11.5% |
| Amounts payable within one year | 42/48 | €262,290 | €231,171 | -€31,119 | -11.9% |
| Trade debts | 44 | €1,043 | €10,930 | +€9,887 | +948% |
| Suppliers | 440/4 | €1,043 | €10,930 | +€9,887 | +948% |
| Taxes, remuneration and social security | 45 | €3,368 | €476 | -€2,892 | -85.9% |
| Taxes | 450/3 | €3,368 | €476 | -€2,892 | -85.9% |
| Other amounts payable | 47/48 | €257,878 | €219,765 | -€38,114 | -14.8% |
| Accrued charges and deferred income | 492/3 | €960 | €1,733 | +€773 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,802 | €25,226 | -€1,577 | -5.9% |
| Other operating charges | 640/8 | €14,744 | €15,012 | +€267 | +1.8% |
| Gross operating margin | 9900 | €59,902 | €73,548 | +€13,647 | +22.8% |
| Operating profit (loss) | 9901 | €18,355 | €33,311 | +€14,956 | +81.5% |
| Financial charges | 65/66B | €167 | €150 | -€17 | -10.2% |
| Recurring financial charges | 65 | €167 | €150 | -€17 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €18,188 | €33,161 | +€14,973 | +82.3% |
| Income taxes | 67/77 | €5,434 | €18,238 | +€12,804 | +236% |
| Profit (loss) for the period | 9904 | €12,754 | €14,923 | +€2,169 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €14,923 | +€2,169 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.